Frances Gagua
Mizuho Securities buys 19.99% of Rakuten Securities’ common stock
Mizuho Securities buys 19.99% of Rakuten Securities’ common stock
The two have also signed a shareholder agreement.
DBS unveils tech apprenticeship programme for polytechnic students
It will take in 20 students this year to start and later expand across all 5 polytechnics in SG.
Islamic banks must boost market share before any “radical” changes: analysts
But an abolition of the fractional reserve banking system may be a good idea.
India’s Kotak Mahindra Bank unifies corporate banking portal with Finastra
The bank plans to add payments and collections services by end-2022.
BPI cements market position with Robinsons Bank merger: analyst
Assets are slated to increase by 0.9 percentage points.
Citi appoints Anand Sairam as CFO for APAC
He has been a part of Citi’s finance team for 8 years.
Australian banks’ cyber risk growing: S&P
Regional lenders are most vulnerable, especially to a data breach.
Weekly Global News Wrap: Bank of America invests $100m to minority-owned banks; Banks cut back on gold shipments to India
And the Bank of Spain governor called for local banks to increase loss provisions.
Thai banks’ recovery besieged by inflation, weakening currency: S&P
The tourism hit has affected income levels, which would borrowers’ ability to pay.
60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch
Basel’s current framework encourages continued build up of risk, the nonprofit warned.
ANEXT Bank’s Toh Su Mei on how to stay ahead of SMEs needs
The CEO of Singapore’s newest digital bank talks about why banks find it challenging to meet the SMEs needs, and why digital banks are the answer.
MUFG names Angus St. John as head of financial sponsor coverage in APAC
St. John has over 25 years of experience in the financial services industry.
Maybank Singapore offers fixed deposit rates up to 3.05% per annum
The offer starts at a minimum placement of S$20,000 and a 6-month tenure.
Bank of China Hong Kong raises prime rate to 5.125% per annum
The bank also adjusted its HKD savings deposit rate to 0.125% pa.
Bank of East Asia raises savings rate to 0.125% per annum
It is also raising its HK dollar prime rate to 5.375% pa.
Hang Seng Bank raises prime rate to 5.125%
HK dollar savings deposit rates with balances of HK$5,000 and above is now 0.125% pa.
Islamic finance professionals more open to adopting crypto, digital assets: survey
Lack of need to pay for interest rates appeals to conservative Muslims.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. Citi names Goldman Sachs banker as head of markets solutions in Asia South & North 5. The Asian connection: China's path to sustainable growthResource Center
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The Asian connection: China's path to sustainable growth